$425,000

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223 Davidson Road Swannanoa, NC, United States 28778

Excellent Opportunity in Swannanoa! Whether you're looking for a home that offers flexibility and extra income or a smart investment property, this versatile home fits the bill. Peaceful country setting just minutes from Warren Wilson College, scenic trails, and community parks-and only 12 minutes to both downtown Black Mountain and Asheville-this location perfectly blends convenience and charm. The updated upper-level unit features a bright 1-bedroom, 1-bath studio layout with a cozy living area, a charming kitchen, and a private balcony off the bedroom. Furniture can stay! The lower-level unit, newly renovated and twice the size of the upper, includes a spacious bedroom and sitting area, a well-appointed kitchen with eat-in dining space, an office nook, and an updated bathroom. Both units share a convenient laundry area with exterior access. Additional storage abounds with three separate spaces-a large two-story shed beside the home, a smaller backyard shed, and an attached storage area on the lower level. This property can also function as a single-family residence: the interior staircase that once connected the two levels could be reinstalled, with the understanding that doing so would require reconfiguration of the bathroom and hot water heater in the lower unit. Alternatively, enjoy one level as your home while renting the other for additional income. The current owners have provided a P&L statement for the upper unit, and the newly completed lower unit offers even greater income potential. See attached P&L for details. Bonus: An assumable USDA loan at 2.6% (approx. $215,000 balance) offers qualified buyers the chance to step into a low-rate mortgage!

Amenities

  • Bedrooms: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 0
  • Property Type: Residential
  • Year Built: 2002
  • Built in 2002
  • Home size: 1,349 ft2 / 125.33 m2
  • MLS: 4322798
  • Status: Active
Copyright © 2025 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property brokered by

Preferred Properties of Asheville

(828) 258-2953

Get more listing details on brokerage site

Presented by Anna Peddy

  • (828) 258-2953
  • (828) 258-2953 (Office Phone)

Contact Anna Peddy

Contact Agent

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